What can we expect from Bitcoin after its recent crossing of the symbolic $100,000 mark? While the queen of cryptocurrencies is now close to $102,650, speculation is rife about its next destination. Should we expect a new surge towards unprecedented heights or an unexpected correction? An analysis of on-chain data and market psychology could well give us valuable clues about BTC’s next steps.
Bitcoin: on-chain signals to watch
Bitcoin news: this good old crypto adventurer never ceases to amaze. After reaching a record at $102,650investors remain curiously cautious. According to Santiment, the market still seems far from euphoria. And that's good news: when the crowd panics, purchasing opportunities are flourishing ; when it gets carried away, it is often time to sell.
THE on-chain data reveal that:
- Periods of strong selling pressure, such as November 26 and December 2, often precede a rise;
- On the other hand, a surge in purchases, observed on November 21 and December 5, coincides with declines;
- Currently, calls to buy on social media are strangely quietsignaling possible room for improvement for Bitcoin before a possible correction.
As Santiment pointed out:
“ This chart is essential for knowing when to buy (when the crowd panics) and sell (when they get greedy) “.
In short, to hope to ride the next wave of BTC, it is better to keep a careful eye on collective psychology.
The price of BTC: well-orchestrated volatility
With a price hovering around $100,000, bitcoin is playing a balancing act. The recent increase in the Consumer Price Index (CPI) to 2.7% over one year fuels speculation about a cut in interest rates by the Federal Reserve. If these predictions are confirmed, they could offer BTC a tailwind.
However, investors should be careful: the price of BTC is anything but predictable. Institutions like Bitwise and Bernstein are counting on a peak at $200,000 in 2025while Fundstrat sees even bigger with a forecast of $250,000.
But in the meantime, bitcoin should continue to navigate between spectacular rises and brutal corrections.
Thus, according to VanEck, 2025 promises surprises for bitcoin: a summer correction of 30% followed by a final sprint towards $180,000. Surprises will, without a doubt, be there.
Maximize your Tremplin.io experience with our 'Read to Earn' program! For every article you read, earn points and access exclusive rewards. Sign up now and start earning benefits.
